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(ELGIEQUIP) Elgi Equipments complete technical analysis [charts+indicators] | Buy/Sell Elgi Equipments | (ELGIEQUIP) share price targets

Complete technical analysis of Elgi Equipments (ELGIEQUIP) by charts plus indicators, forecast predictions and share price targets for Elgi Equipments (ELGIEQUIP)

Elgi Equipments trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-09-26 View latest technical analysis

10 day averaged volume of Elgi Equipments is 314599

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	686.70	690.70	691.40	678.05	0.369 times
25 Wed Sep 2024	691.40	703.00	708.00	690.00	0.393 times
24 Tue Sep 2024	709.55	706.35	710.90	693.45	0.543 times
23 Mon Sep 2024	706.80	720.00	723.45	705.10	0.497 times
20 Fri Sep 2024	723.85	740.00	744.95	715.55	1.457 times
19 Thu Sep 2024	736.40	732.70	740.00	716.05	0.754 times
18 Wed Sep 2024	731.55	741.35	744.00	724.60	0.499 times
17 Tue Sep 2024	737.65	726.50	752.95	723.00	2.556 times
16 Mon Sep 2024	723.45	730.00	730.80	719.00	0.35 times
13 Fri Sep 2024	720.75	729.00	734.00	717.00	0.648 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 681.2, for a target of 698.8 or 713.49

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	588.10
Downside Target	651.00
Downside Target	672.90
Upside Target	715.55
Upside Target	729.90
Upside Target	738.00
Upside Target	740.00
Upside Target	752.95
Upside Target	762.20
Upside Target	798.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	668.68
Downside Intraday Target	650.67
Upside Intraday Target	714.08
Upside Intraday Target	741.47
Upside Intraday Target	696.07

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	686.70	720.00	723.45	678.05	0.321 times
20 Fri Sep 2024	723.85	730.00	752.95	715.55	0.875 times
13 Fri Sep 2024	720.75	700.00	740.00	687.40	2.037 times
06 Fri Sep 2024	711.50	700.00	726.00	687.00	0.301 times
30 Fri Aug 2024	694.40	699.80	729.90	690.95	0.564 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	686.70	700.00	752.95	678.05	0.456 times
30 Fri Aug 2024	694.40	698.85	738.00	591.55	1.699 times
31 Wed Jul 2024	692.80	718.45	762.20	651.00	0.57 times
28 Fri Jun 2024	718.45	632.00	798.95	540.15	1.693 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elgi Equipments (ELGIEQUIP)

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elgi Equipments stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.

Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Equipments in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Equipments is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 724.32 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.

Elgi Equipments Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.